CIMB - Aviva

Miscelaneous

All Risks

This policy is designed to cover loss, damage or destruction to the Participant's property by any accident or misfortune. However, the coverage excludes wear and tear depreciation; mechanical or electrical defect of breakdown; damage to traveling trunks, bags etc.; scratching or denting of any article or cracking and/or breakage of glass and the like; deeds, bonds, bills of exchange etc.; war, invasion, act of foreign enemy etc.; consequential loss; legal liability; radioactive contamination and nuclear weapons material.

Burglary

This policy is designed to cover loss or damage to the covered property by theft consequent upon actual forcible and violent breaking into or out of a premise or by armed robbery or robbery with violence. Damage to premises as a result of theft can be covered upon request subject to an additional contribution.

Plate Glass

The policy is designed to cover all types of plate glass in building. The protection afforded by this policy is very wide and generally it covers any accidents, especially impact damage by any means or misfortunes.

Machinery & Equipment

This policy is mainly to cover immobile industrial or commercial equipment. It indemnifies the covered against loss or damage to the covered property arising from fire & lightning; theft or housebreaking; accidental external damage; and windstorm, flood & water damage.

Equipment

This policy is restricted mainly to cover mechanically propelled vehicle/equipments which are not licensed for use on public roads. Such vehicles/equipments are tractors, forklift, excavators and loaders. The policy will indemnify the Participant against direct physical loss of or damage to the property covered arising from accidental collision or overturning consequent upon mechanical breakdown or consequent upon wear and tear; fire external explosion self-ignition or lightning; and burglary housebreaking or theft.

Money

This Policy is intended to protect Industrial or Business establishment against loss of money which may be carried by a messenger and/or employees of the participant and which may be in transit from one place to another. It covers money in transit and money in premises against loss or destruction by any robbery, hold up or theft. The policy provides coverage for money in transit; money premises; and damage to the safe.

Fidelity Guarantee

This policy provides coverage against loss by dishonesty or persons holding position of trust. The policy indemnifies the Employer for loss of monies or goods as the result of any act of fraud or dishonesty committed by any Employee whilst employed.

Golfer's

All golfers run the risk of injuring members of the public whilst playing or practicing golf. An act of negligence may result in a substantial claim against the golfer and this gives rise to the need for such Takaful which is at a nominal contribution.

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Marine

Marine Hull

Covers the hull against the risk of loss, damage and/or liability. It protects the liabilities for Commercial Hull and Private Pleasure Craft.

Marine Cargo

Marine Cargo Takaful provides coverage for goods in the course of transit against losses and/or damages incidental to the marine cover adventure.

Goods-in-Transit

Provides coverage for property on the move, even if you use a hauler. It covers your items between destinations.

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Liability

Workmen's Compensation

The Workmen's Compensation Ordinance is only applicable to foreign workers. Such workers must be covered under the Workmen's Compensation Policy. The policy provides cover against injury or disease arising out of and in course of employment.

Foreign Workers Compensation

Provides coverage for accidents to foreign workers with benefits for death, permanent total disablement, permanent partial disablement, temporary disablement, medical expenses and occupational diseases.

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Scheme

Employer's Liability

This policy is usually sold as a package, together with other annual policies such as fire, personal accident, miscellaneous classes, workmen's compensation and public liability policies. The Employer's Liability policy is designed to provide common law cover. Employees earning above RM 2,000 per month are not required to be covered by SOCSO. Such employees in the event of an accident arising in the course of employment can sue their employer for negligence under the Common Law.

Public Liability

This policy is usually sold as a "package" together with other annual policies such as fire, personal accident, workmen compensation and miscellaneous policies. A Public Liability Takaful policy covers the Participant against sums for which the participant shall become legally liable to pay for compensation in respect of accidental bodily injury to third parties and accidental damage to property of third parties.

Professional Indemnity

Professional Indemnity coverage protects you against negligence claims if your business provides advice, designs or consultancy whereby you have a responsibility to your clients. Any breach of that responsibility could lead to a claim against you, causing serious damage to your business.

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Motor

Private Car

Whether or not your car is your dream car, it takes you everywhere you want to go. But being on the road everyday, rain and shine, makes it susceptible to many unpredictable events. Motor Takaful is the shield you need to protect your vehicle against these unforeseen events, so that you'll have one less worry on your mind.

Commercial Vehicle

Commercial Vehicle Takaful provides coverage for a number of vehicles under one policy. If you use motor vehicle(s) of any sort in connection with your business, you need to get coverage against injury or damage just like your private car coverage. Failure to take up this policy for your commercial vehicles can result in unnecessary penalty.

Motorcycle

This provides coverage for loss or damage due to accidental collision, fire and theft including Third Party Liability.

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Property

Fire

Finally, you have a property to call your own. A property which you hope will last through time, one which you might pass on to your children in the future. But the future is unpredictable. Anything can happen. That's why you need Fire Takaful. It helps ensure that your property is well protected against the unexpected, so that your loved ones will also have a place to call their own in the future.

Fire Consequential Loss

The Fire Consequential Loss is taken up to supplement the Fire Policy to enable the Participant to cover his/her loss of profits during the period in which his/her business has been interrupted (as a result of the fire or other perils covered under the fire policy).

Houseowners and Householders

The Houseowners policy is designed to provide cover for the buildings of Private Dwellings and Flats whilst the Householders Takaful provides cover for the contents within the Private Dwelling.

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Engineering

Contractor's All Risks

Contractor's All Risks Takaful provides an "all risks" cover. The most important causes of losses under this Takaful coverage are fire, lightning, explosion, crashing aircraft, extinguishing water or other fire fighting measures; flood, inundation, rain, snow, avalanche, tsunami windstorm of any kinds; earthquake, subsidence, landslide, rockslide theft, burglary; and bad workmanship, lack of skill, negligence, malicious acts or human error. It also covers loss of or damage to building material, construction machinery and construction plant and equipment occurring during on-site transport, intermediate storage or during assembly or disassembly.

Machinery Breakdown

This provides coverage for loss or damage of machinery and/or equipment such as boilers, alternators and generators, switchgears and transformers, turbines, blowers, any replacement parts and accessories caused by sudden and unforeseen damage.

Loss of Profits (Machinery Breakdown)

This plan indemnifies the Participant for loss of profits as a result of machinery breakdown.

Storage Tanks

This provides protection against sudden and unforeseen physical loss or damage to storage tanks caused by bursting, splitting, rupture or collapse. The Policy can be extended to cover loss of contents contained in the storage tanks.

Electronic Equipment

This covers the loss or damage to electronic equipment.

Boiler and Pressure Vessel

This provides coverage for explosion and collapse of the boiler and pressure vessels.

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Personal Accident

Comprehensive Personal Accident

To protect loved one is to protect yourself. Drape your loved ones with a layer of protection that stays with them at all times. In a nutshell, your personal well-being is of utmost importance to your children. They depend on it, to lead a worry free life. Takaful Personal Accident is your solution to be financially able in the toughest of times.

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